Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2022 | Oct. 31, 2022 | |
Entity Information [Line Items] | ||
Entity Registrant Name | Coronado Global Resources Inc. | |
Entity Central Index Key | 0001770561 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Shell Company | false | |
Document Period End Date | Sep. 30, 2022 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q3 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 167,645,373 | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Interactive Data Current | Yes | |
Entity Current Reporting Status | Yes | |
Entity File Number | 1-16247 | |
Entity Tax Identification Number | 83-1780608 | |
Entity Incorporation State Country Code | DE | |
Entity Address Address Line1 | Level 33, Central Plaza One | |
Entity Address Address Line 2 | 345 Queen Street | |
Entity Address City Or Town | Brisbane, Queensland | |
Entity Address Country | AU | |
Entity Address Postal Zip Code | 4000 | |
Country Region | 61 | |
City Area Code | 7 | |
Local Phone Number | 3031 7777 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Current assets: | ||
Cash and restricted cash | $ 698,647 | $ 437,931 |
Trade receivables, net | 418,236 | 271,923 |
Inventories | 106,971 | 118,922 |
Other current assets | 59,351 | 47,647 |
Assets held for sale | 26,114 | 27,023 |
Total current assets | 1,309,319 | 903,446 |
Non-current assets: | ||
Property, plant and equipment, net | 1,334,133 | 1,397,363 |
Right of use asset - operating leases, net | 7,897 | 13,656 |
Goodwill | 28,008 | 28,008 |
Intangible assets, net | 3,362 | 3,514 |
Restricted deposits | 88,439 | 80,981 |
Deferred income tax assets | 0 | 14,716 |
Other non-current assets | 33,252 | 19,728 |
Total assets | 2,804,410 | 2,461,412 |
Current liabilities: | ||
Accounts payable | 85,353 | 97,514 |
Accrued expenses and other current liabilities | 406,104 | 270,942 |
Income tax payable | 108,187 | 25,612 |
Asset retirement obligations | 8,803 | 9,414 |
Contract obligations | 38,751 | 39,961 |
Lease liabilities | 8,707 | 8,452 |
Other current financial liabilities | 3,770 | 8,508 |
Liabilities held for sale | 11,661 | 12,113 |
Total current liabilities | 671,336 | 472,516 |
Non-current liabilities: | ||
Asset retirement obligations | 108,148 | 110,863 |
Contract obligations | 101,032 | 141,188 |
Deferred consideration liability | 226,311 | 230,492 |
Interest bearing liabilities | 299,929 | 300,169 |
Other financial liabilities | 9,543 | 13,822 |
Lease liabilities | 6,014 | 12,894 |
Deferred income tax liabilities | 109,360 | 75,750 |
Other non-current liabilities | 33,226 | 26,216 |
Total liabilities | 1,564,899 | 1,383,910 |
Common stock $0.01 par value; 1,000,000,000 shares authorized,167,645,373 shares issued and outstanding as of September 30, 2022 and December 31, 2021 | 1,677 | 1,677 |
Series A Preferred stock $0.01 par value; 100,000,000 shares authorized, 1 Share issued and outstanding as of September 30, 2022 and December 31, 2021 | ||
Additional paid-in capital | 1,091,651 | 1,089,547 |
Accumulated other comprehensive losses | (120,136) | (44,228) |
Retained earnings | 266,319 | 30,506 |
Total stockholders' equity | 1,239,511 | 1,077,502 |
Total liabilities and stockholders' equity | $ 2,804,410 | $ 2,461,412 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 |
Condensed Consolidated Balance Sheets [Abstract] | ||
Common stock, par value per share (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued (in shares) | 167,645,373 | 167,645,373 |
Common stock, shares outstanding (in shares) | 167,645,373 | 167,645,373 |
Preferred stock, par value per share (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Preferred stock, shares issued (in shares) | 1 | 1 |
Preferred stock, shares outstanding (in shares) | 1 | 1 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Revenues: | ||||
Revenues | $ 874,657 | $ 573,591 | $ 2,854,486 | $ 1,373,958 |
Costs and expenses: | ||||
Cost of coal revenues (exclusive of items shown separately below) | 385,504 | 309,513 | 1,140,467 | 889,771 |
Depreciation, depletion and amortization | 37,508 | 38,461 | 126,901 | 132,754 |
Freight expenses | 63,026 | 58,043 | 189,316 | 166,090 |
Stanwell rebate | 54,575 | 12,274 | 124,160 | 43,169 |
Other royalties | 137,331 | 39,099 | 299,711 | 83,219 |
Selling, general, and administrative expenses | 10,405 | 8,044 | 28,657 | 21,250 |
Restructuring costs | 0 | 0 | 0 | 2,300 |
Total costs and expenses | 688,349 | 465,434 | 1,909,212 | 1,338,553 |
Other (expense) income: | ||||
Interest expense, net | (17,220) | (18,251) | (52,034) | (49,982) |
Loss on debt extinguishment | 0 | 0 | 0 | (5,744) |
Decrease (increase) in provision for discounting and credit losses | 12 | 2,430 | (572) | 8,074 |
Other, net | 32,898 | (1,252) | 55,191 | (3,610) |
Total other income (expense,), net | 15,690 | (17,073) | 2,585 | (51,262) |
Income (loss) before tax | 201,998 | 91,084 | 947,859 | (15,857) |
Income tax (expense) benefit | (51,423) | (9,096) | (235,391) | 1,788 |
Net income (loss) | 150,575 | 81,988 | 712,468 | (14,069) |
Less: Net loss attributable to noncontrolling interest | 0 | 0 | 0 | (2) |
Net income (loss) attributable to Coronado Global Resources Inc. | 150,575 | 81,988 | 712,468 | (14,067) |
Other comprehensive income, net of income taxes: | ||||
Foreign currency translation adjustment | (41,998) | (7,966) | (75,908) | (16,796) |
Net gain on cash flow hedges, net of tax | 0 | (2,204) | 0 | 4,045 |
Total other comprehensive loss | (41,998) | (10,170) | (75,908) | (12,751) |
Total comprehensive income (loss) | 108,577 | 71,818 | 636,560 | (26,820) |
Less: Net loss attributable to noncontrolling interest | 0 | 0 | 0 | (2) |
Total comprehensive income (loss) attributable to Coronado Global Resources Inc. | $ 108,577 | $ 71,818 | $ 636,560 | $ (26,818) |
Earnings (loss) per share of common stock | ||||
Basic | $ 0.90 | $ 0.49 | $ 4.25 | $ (0.09) |
Diluted | $ 0.90 | $ 0.49 | $ 4.25 | $ (0.09) |
Coal Revenues [Member] | ||||
Revenues: | ||||
Revenues | $ 863,709 | $ 563,287 | $ 2,821,334 | $ 1,246,918 |
Coal Revenues From Related Parties [Member] | ||||
Revenues: | ||||
Revenues | 0 | 0 | 0 | 97,335 |
Other Revenues [Member] | ||||
Revenues: | ||||
Revenues | $ 10,948 | $ 10,304 | $ 33,152 | $ 29,705 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Stockholders' Equity - USD ($) | Total | Common Stock [Member] | Preferred Stock [Member] | Additional Paid in Capital [Member] | Accumulated Other Comprehensive Losses [Member] | (Accumulated losses) Retained earnings | Noncontrolling Interest [Member] |
Balance, beginning of period at Dec. 31, 2020 | $ 806,863,000 | $ 1,384,000 | $ 0 | $ 993,052,000 | $ (28,806,000) | $ (158,919,000) | $ 152,000 |
Balance, beginning of period, shares at Dec. 31, 2020 | 138,387,890 | 1 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | (40,972,000) | $ 0 | $ 0 | 0 | 0 | (40,970,000) | (2,000) |
Other comprehensive income (loss) | 317,000 | 0 | 0 | 0 | 317,000 | 0 | 0 |
Total comprehensive income (loss) | (40,655,000) | 0 | 0 | 0 | 317,000 | (40,970,000) | (2,000) |
Share-based compensation for equity classified awards | (538,000) | 0 | 0 | (538,000) | 0 | 0 | 0 |
Acquisition of noncontrolling interest | (853,000) | $ 0 | $ 0 | (703,000) | 0 | 0 | (150,000) |
Balance, end of period, shares at Mar. 31, 2021 | 138,387,890 | 1 | |||||
Balance, end of period at Mar. 31, 2021 | 764,817,000 | $ 1,384,000 | $ 0 | 991,811,000 | (28,489,000) | (199,889,000) | 0 |
Balance, beginning of period at Dec. 31, 2020 | 806,863,000 | $ 1,384,000 | $ 0 | 993,052,000 | (28,806,000) | (158,919,000) | 152,000 |
Balance, beginning of period, shares at Dec. 31, 2020 | 138,387,890 | 1 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | (14,069,000) | ||||||
Other comprehensive income (loss) | (12,751,000) | ||||||
Total comprehensive income (loss) | (26,820,000) | ||||||
Balance, end of period, shares at Sep. 30, 2021 | 167,645,373 | 1 | |||||
Balance, end of period at Sep. 30, 2021 | 877,269,000 | $ 1,677 | $ 0 | 1,090,135 | (41,557) | (172,986) | 0 |
Balance, beginning of period at Mar. 31, 2021 | 764,817,000 | $ 1,384,000 | $ 0 | 991,811,000 | (28,489,000) | (199,889,000) | 0 |
Balance, beginning of period, shares at Mar. 31, 2021 | 138,387,890 | 1 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | (55,085,000) | $ 0 | $ 0 | 0 | 0 | (55,085,000) | 0 |
Other comprehensive income (loss) | (2,898,000) | 0 | 0 | 0 | (2,898,000) | 0 | 0 |
Total comprehensive income (loss) | (57,983,000) | $ 0 | 0 | 0 | (2,898,000) | (55,085,000) | 0 |
Issuance of common stock, net, shares | 29,257,483 | ||||||
Issuance of common stock, net | 97,741,000 | $ 293,000 | 0 | 97,448,000 | 0 | 0 | 0 |
Share-based compensation for equity classified awards | 737,000 | $ 0 | $ 0 | 737,000 | 0 | 0 | 0 |
Balance, end of period, shares at Jun. 30, 2021 | 167,645,373 | 1 | |||||
Balance, end of period at Jun. 30, 2021 | 805,312,000 | $ 1,677,000 | $ 0 | 1,089,996,000 | (31,387,000) | (254,974,000) | 0 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 81,988,000 | 0 | 0 | 0 | 0 | 81,988,000 | 0 |
Other comprehensive income (loss) | (10,170,000) | 0 | 0 | 0 | (10,170,000) | 0 | 0 |
Total comprehensive income (loss) | 71,818,000 | 0 | 0 | 0 | (10,170,000) | 81,988,000 | 0 |
Share-based compensation for equity classified awards | 139,000 | $ 0 | $ 0 | 139,000 | 0 | 0 | 0 |
Balance, end of period, shares at Sep. 30, 2021 | 167,645,373 | 1 | |||||
Balance, end of period at Sep. 30, 2021 | 877,269,000 | $ 1,677 | $ 0 | 1,090,135 | (41,557) | (172,986) | 0 |
Balance, beginning of period at Dec. 31, 2021 | 1,077,502,000 | $ 1,677,000 | $ 0 | 1,089,547,000 | (44,228,000) | 30,506,000 | 0 |
Balance, beginning of period, shares at Dec. 31, 2021 | 167,645,373 | 1 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 269,898,000 | $ 0 | $ 0 | 0 | 0 | 269,898,000 | 0 |
Other comprehensive income (loss) | 16,258,000 | 0 | 0 | 0 | 16,258,000 | 0 | 0 |
Total comprehensive income (loss) | 286,156,000 | 0 | 0 | 0 | 16,258,000 | 269,898,000 | 0 |
Share-based compensation for equity classified awards | 84,000 | 0 | 0 | 84,000 | 0 | 0 | 0 |
Dividends | (150,881,000) | $ 0 | $ 0 | 0 | 0 | (150,881,000) | 0 |
Balance, end of period, shares at Mar. 31, 2022 | 167,645,373 | 1 | |||||
Balance, end of period at Mar. 31, 2022 | 1,212,861,000 | $ 1,677,000 | $ 0 | 1,089,631,000 | (27,970,000) | 149,523,000 | 0 |
Balance, beginning of period at Dec. 31, 2021 | 1,077,502,000 | $ 1,677,000 | $ 0 | 1,089,547,000 | (44,228,000) | 30,506,000 | 0 |
Balance, beginning of period, shares at Dec. 31, 2021 | 167,645,373 | 1 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 712,468,000 | ||||||
Other comprehensive income (loss) | (75,908,000) | ||||||
Total comprehensive income (loss) | 636,560,000 | ||||||
Balance, end of period, shares at Sep. 30, 2022 | 167,645,373 | 1 | |||||
Balance, end of period at Sep. 30, 2022 | 1,239,511,000 | $ 1,677,000 | $ 0 | 1,091,651,000 | (120,136,000) | 266,319,000 | 0 |
Balance, beginning of period at Mar. 31, 2022 | 1,212,861,000 | $ 1,677,000 | $ 0 | 1,089,631,000 | (27,970,000) | 149,523,000 | 0 |
Balance, beginning of period, shares at Mar. 31, 2022 | 167,645,373 | 1 | |||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 291,995,000 | $ 0 | $ 0 | 0 | 0 | 291,995,000 | 0 |
Other comprehensive income (loss) | (50,168,000) | 0 | 0 | 0 | (50,168,000) | 0 | 0 |
Total comprehensive income (loss) | 241,827,000 | 0 | 0 | 0 | (50,168,000) | 291,995,000 | 0 |
Share-based compensation for equity classified awards | 1,731,000 | 0 | 0 | 1,731,000 | 0 | 0 | 0 |
Dividends | (200,040,000) | $ 0 | $ 0 | 0 | 0 | (200,040,000) | 0 |
Balance, end of period, shares at Jun. 30, 2022 | 167,645,373 | 1 | |||||
Balance, end of period at Jun. 30, 2022 | 1,256,379,000 | $ 1,677,000 | $ 0 | 1,091,362,000 | (78,138,000) | 241,478,000 | 0 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income (loss) | 150,575,000 | 0 | 0 | 0 | 0 | 150,575,000 | 0 |
Other comprehensive income (loss) | (41,998,000) | 0 | 0 | 0 | (41,998,000) | 0 | 0 |
Total comprehensive income (loss) | 108,577,000 | 0 | 0 | 0 | (41,998,000) | 150,575,000 | 0 |
Share-based compensation for equity classified awards | 289,000 | 0 | 0 | 289,000 | 0 | 0 | 0 |
Dividends | (125,734,000) | $ 0 | $ 0 | 0 | 0 | (125,734,000) | 0 |
Balance, end of period, shares at Sep. 30, 2022 | 167,645,373 | 1 | |||||
Balance, end of period at Sep. 30, 2022 | $ 1,239,511,000 | $ 1,677,000 | $ 0 | $ 1,091,651,000 | $ (120,136,000) | $ 266,319,000 | $ 0 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2021 | Mar. 31, 2021 | |
Condensed Consolidated Statements of Stockholders' Equity [Abstract] | ||
Other comprehensive income loss tax | $ 24 | $ 2,111 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Cash flows from operating activities: | ||
Net income (loss) | $ 712,468 | $ (14,069) |
Adjustments to reconcile net income to cash and restricted cash provided by operating activities: | ||
Depreciation, depletion and amortization | 126,901 | 132,754 |
Amortization of right of use asset - operating leases | 5,597 | 6,694 |
Amortization of deferred financing costs | 1,451 | 2,649 |
Loss on debt extinguishment | 0 | 5,744 |
Non-cash interest expense | 23,544 | 21,431 |
Amortization of contract obligations | (26,883) | (25,612) |
Loss on disposal of property, plant and equipment | 433 | 835 |
Equity-based compensation expense | 2,104 | 338 |
Deferred income taxes | 49,929 | 2,189 |
Reclamation of asset retirement obligations | (3,961) | (2,393) |
Increase (decrease) in provision for discounting and credit losses | 572 | (8,074) |
Changes in operating assets and liabilities: | ||
Accounts receivable - including related party receivables | (170,094) | 9,783 |
Inventories | 6,094 | (12,889) |
Other assets | (30,109) | 12,187 |
Accounts payable | (3,371) | 22,899 |
Accrued expenses and other current liabilities | 161,224 | 16,363 |
Operating lease liabilities | (6,202) | (7,875) |
Income tax payable | 88,614 | 0 |
Change in other liabilities | 7,073 | 8,161 |
Net cash (used in) provided by operating activities | 945,384 | 171,115 |
Cash flows from investing activities: | ||
Capital expenditures | (141,928) | (75,897) |
Purchase of restricted deposits | (9,558) | (100,166) |
Redemption of restricted deposits | 816 | 30,281 |
Net cash used in investing activities | (150,670) | (145,782) |
Cash flows from financing activities: | ||
Proceeds from interest bearing liabilities and other financial liabilities | 0 | 411,524 |
Debt issuance costs and other financing costs | 0 | (15,263) |
Principal payments on interest bearing liabilities and other financial liabilities | (9,773) | (371,379) |
Principal payments on finance lease obligations | (91) | 0 |
Premiums paid on early redemption of debt | (90) | 0 |
Dividends paid | (473,900) | 0 |
Proceeds from stock issuance, net | 0 | 97,741 |
Net cash (used in) provided by financing activities | (483,854) | 122,623 |
Net increase in cash and restricted cash | 310,860 | 147,956 |
Effect of exchange rate changes on cash and restricted cash | (50,144) | 2,287 |
Cash and restricted cash at beginning of period | 437,931 | 45,736 |
Cash and restricted cash at end of period | 698,647 | 195,979 |
Supplemental disclosure of cash flow information: | ||
Cash payments for interest | 19,035 | 13,681 |
Cash paid (refund) for taxes | 90,888 | (16,130) |
Restricted cash | $ 251 | $ 251 |
Description of Business, Basis
Description of Business, Basis of Presentation | 9 Months Ended |
Sep. 30, 2022 | |
Description of Business, Basis of Presentation [Abstract] | |
Description of Business, Basis of Presentation | 1. (a) Description of the Business Coronado coals, development projects in the United States, or U.S. (b) Basis of Presentation The interim unaudited condensed consolidated financial statements requirements of U.S. generally accepted 10-Q and Article Commission, or the GAAP for complete statements and notes thereto included in the Australian Securities Exchange, or the ASX, on February The otherwise stated. and subsidiaries References to Australia. The “Company” and “Coronado” are used interchangeably to refer to Coronado Global Resources Inc. and its subsidiaries, collectively, in subsidiaries noncontrolling interests. All intercompany balances and transactions In necessary income, cash flows and changes in as of December 31, The necessarily indicative of the results that may be expected for |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2022 | |
Summary of Significant Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Please see Note 2 “Summary statements for the year ended December 31, 2021 included in Coronado Global Resources Inc.’s Annual Report on Form 10-K filed with the SEC and ASX on February (a) Newly Adopted Accounting Standards During Standards Board that had a material impact on the Company’s |
Segment Information
Segment Information | 9 Months Ended |
Sep. 30, 2022 | |
Segment Information [Abstract] | |
Segment Information | 3. The Company has a portfolio of operating states Operations, comprise or U.S. Operations, two one owned idled mine complex (Greenbrier) and two The two organization CODM, manages and allocates resources to the various The CODM Adjusted EBITDA is not a measure of financial performance in accordance with U.S. GAAP. aware that measures used by other companies. Adjusted EBITDA is foreign exchange losses. Adjusted EBITDA is in analyzing each financial information for and tax. for purposes of reconciliation to the Company’s condensed Reportable segment presented below: (in US$ thousands) Australia United States Other and Corporate Total Three months ended September 30, 2022 Total $ 546,485 $ 328,172 $ — $ 874,657 Adjusted EBITDA 88,035 145,890 (10,349) 223,576 Net income (loss) 59,529 95,610 (4,564) 150,575 Total 1,405,333 988,728 410,349 2,804,410 Capital expenditures 17,289 31,174 103 48,566 Three months ended September 30, 2021 Total $ 342,372 $ 231,219 $ — $ 573,591 Adjusted EBITDA 67,383 88,441 (8,084) 147,740 Net income (loss) 39,868 54,444 (12,324) 81,988 Total 1,155,082 862,961 183,863 2,201,906 Capital expenditures 7,972 9,436 182 17,590 Nine months ended September 30, 2022 Total $ 1,730,172 $ 1,124,314 $ — $ 2,854,486 Adjusted EBITDA 523,319 578,183 (28,579) 1,072,923 Net income (loss) 337,582 399,723 (24,837) 712,468 Total 1,405,333 988,728 410,349 2,804,410 Capital expenditures 64,005 75,595 433 140,033 Nine months ended September 30, 2021 Total $ 832,098 $ 541,860 $ — $ 1,373,958 Adjusted EBITDA 30,445 164,404 (21,408) 173,441 Net (loss) income (65,970) 83,157 (31,256) (14,069) Total 1,155,082 862,961 183,863 2,201,906 Capital expenditures 28,186 40,061 1,650 69,897 The reconciliations ended September 30, 2022 and 2021 are as follows: Three months ended Nine months ended September 30, September 30, (in US$ thousands) 2022 2021 2022 2021 Net income (loss) $ 150,575 $ 81,988 $ 712,468 $ (14,069) Depreciation, depletion and amortization 37,508 38,461 126,901 132,754 Interest expense (net of income) 17,220 18,251 52,034 49,982 Other foreign exchange (gains) losses (1) (31,917) 2,487 (55,064) 4,376 Loss on extinguishment of debt — — — 5,744 Income tax expense (benefit) 51,423 9,096 235,391 (1,788) Restructuring costs — — — 2,300 (Gains) losses on idled assets held for sale (2) (1,221) (113) 621 2,216 (Decrease) increase in provision for discounting and credit losses (12) (2,430) 572 (8,074) Consolidated Adjusted EBITDA $ 223,576 $ 147,740 $ 1,072,923 $ 173,441 (1) certain entities within the group that are included in “Other, net” on the unaudited Consolidated Statement (2) the next twelve months. The disclosed September 30, 2022 and 2021 are as follows: Nine months ended September 30, (in US$ thousands) 2022 2021 Capital expenditures per Condensed Consolidated Statements Flows $ 141,928 $ 75,897 Accruals for capital expenditures 5,580 — Payment for capital acquired in prior periods (7,475) (6,000) Capital expenditures per segment detail $ 140,033 $ 69,897 Disaggregation of Revenue The Company disaggregates the revenue Company’s uncertainty of revenues and cash flows. Three months ended September 30, 2022 (in US$ thousands) Australia United States Total Product Groups: Metallurgical coal $ 518,010 $ 309,609 $ 827,619 Thermal coal 19,246 16,844 36,090 Total 537,256 326,453 863,709 Other (1) 9,229 1,719 10,948 Total $ 546,485 $ 328,172 $ 874,657 Three months ended September 30, 2021 (in US$ thousands) Australia United States Total Product Groups: Metallurgical coal $ 306,033 $ 228,561 $ 534,594 Thermal coal 26,525 2,168 28,693 Total 332,558 230,729 563,287 Other (1) 9,814 490 10,304 Total $ 342,372 $ 231,219 $ 573,591 Nine months ended September 30, 2022 (in US$ thousands) Australia United States Total Product Groups: Metallurgical coal $ 1,615,364 $ 1,098,186 $ 2,713,550 Thermal coal 86,537 21,247 107,784 Total 1,701,901 1,119,433 2,821,334 Other (1) 28,271 4,881 33,152 Total $ 1,730,172 $ 1,124,314 $ 2,854,486 Nine months ended September 30, 2021 (in US$ thousands) Australia United States Total Product Groups: Metallurgical coal $ 734,143 $ 534,017 $ 1,268,160 Thermal coal 70,614 5,479 76,093 Total 804,757 539,496 1,344,253 Other (1) 27,341 2,364 29,705 Total $ 832,098 $ 541,860 $ 1,373,958 (1) Other revenue for the Australian segment includes |
Dividends
Dividends | 9 Months Ended |
Sep. 30, 2022 | |
Dividends [Abstract] | |
Dividends | 4. Dividends On February 150.9 million, or 9.0 0.90 March 18, 2022 April 8, 2022 . On May 9, 2022, 99.5 5.9 cents per CDI ($ 0.59 Notes made in connection with the dividend declared on February 24, 2022, and a special unfranked dividend of $ 100.6 6.0 0.6 May 31, 2022 June 21, 2022 . On August 125.7 million, or 7.5 0.75 100.6 portion 2022, 25.2 August 30, 2022 September 20, 2022 . During the nine months ended September 30, 2022, the Company paid 473.9 above 2.8 payment of dividends to certain CDI holders that elected to |
Inventories
Inventories | 9 Months Ended |
Sep. 30, 2022 | |
Inventories [Abstract] | |
Inventories | 5. (in US$ thousands) September 30, 2022 December 31, 2021 Raw coal $ 12,998 $ 17,334 Saleable coal 34,200 42,006 Total 47,198 59,340 Supplies inventory 59,773 59,582 Total $ 106,971 $ 118,922 Coal inventories measured 2.1 million and $ 2.2 and December coal supply agreement. |
Property, Plant and Equipment
Property, Plant and Equipment | 9 Months Ended |
Sep. 30, 2022 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | 6. (in US$ thousands) September 30, 2022 December 31, 2021 Land $ 26,661 $ 27,853 Buildings and improvements 87,926 88,079 Plant, machinery, mining 976,633 963,272 Mineral rights and reserves 374,326 374,326 Office and computer equipment 8,953 8,718 Mine development 547,445 566,201 Asset retirement obligation asset 67,378 75,215 Construction in process 59,035 42,055 2,148,357 2,145,719 Less accumulated depreciation, depletion and amortization 814,224 748,356 Net property, plant $ 1,334,133 $ 1,397,363 |
Accrued Expenses and Other Curr
Accrued Expenses and Other Current Liabilities | 9 Months Ended |
Sep. 30, 2022 | |
Accrued Expenses and Other Current Liabilities [Abstract] | |
Accrued Expenses and Other Current Liabilities | 7. Accrued expenses and other current liabilities consist of the (in US$ thousands) September 30, 2022 December 31, 2021 Wages and employee benefits $ 42,038 $ 41,187 Taxes 8,825 6,246 Accrued royalties 165,636 70,237 Accrued freight costs 36,962 27,754 Accrued mining fees 73,712 65,835 Acquisition related accruals 27,959 31,201 Other liabilities 50,972 28,482 Total $ 406,104 $ 270,942 Acquisition related accruals is an 28.0 (A$ 43.0 |
Interest Bearing Liabilities
Interest Bearing Liabilities | 9 Months Ended |
Sep. 30, 2022 | |
Interest Bearing Liabilities [Abstract] | |
Interest Bearing Liabilities | 8. The following is a summary of interest-bearing liabilities September 30, 2022 December 31, 2021 Weighted Average Interest Rate at September 30, 2022 Final Maturity 10.75 % Senior Secured Notes $ 312,741 $ 315,000 12.15 % (2) 2026 ABL Facility — — 2024 Discount and debt issuance costs (1) (12,812) (14,831) Total $ 299,929 $ 300,169 (1) Debt issuance costs incurred on the establishment unaudited Condensed Consolidated Balance Sheet. (2) Senior Secured Notes As of 10.750 % Senior due 312.7 May 15, 2026 secured obligations of the Company. The Coronado Finance other guarantors customary indebtedness, asset on capital stock. As of the Indenture. For the offered to purchase up to a total of $ 225.8 of principal amount, for 2.3 104 % of the plus accrued and unpaid interest on the Notes to, but not The carrying were $ 12.8 14.8 ABL Facility On May 12, 2021, the Company entered into a senior secured asset-based revolving credit agreement providing for 100.0 including a $ 30.0 5.0 time outstanding, subject to borrowing base availability. May 12, 2024 . Borrowings addition to paying to pay a fee in respect of unutilized commitments, on amounts available to be drawn under outstanding letters of credit and certain administrative fees. As at no no Facility. Facility. The carrying value of debt Balance Sheets, were $ 2.9 million and $ 4.3 |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2022 | |
Income Taxes [Abstract] | |
Income Taxes | 9. For the nine months ended and applied this effective tax rate to its year-to-date pretax income at the end of the interim reporting period. The tax changes in judgment about the occur. The Company’s 2022 estimated annual effective tax rate is 24.8 %, which has been favorably impacted by mine depletion deductions in 0.6 The Company had an income 235.4 947.9 ended September 30, 2022. Income tax 1.8 estimated annual effective tax rate of 11.3 % for the period. The Company utilizes the For the nine months no interest expense. The Company is In the companies are state level. assessment. The Company assessed the need for valuation allowances by evaluating future taxable income, available for tax strategies and the reversal of temporary tax differences. At December 31, 25.4 which are utilized in addition, a company, which is not part of the Australian tax consolidated group, had tax losses carried forward of $ 7.7 |
Earnings per Share
Earnings per Share | 9 Months Ended |
Sep. 30, 2022 | |
Earnings per Share [Abstract] | |
Earnings per Share | 10. Basic earnings per the period, Diluted earnings per share of common stock is computed the weighted-average number securities. Basic and diluted earnings per share was calculated as Three months ended September 30, Nine months ended September 30, (in US$ thousands, except per share data) 2022 2021 2022 2021 Numerator: Net income (loss) $ 150,575 $ 81,988 $ 712,468 $ (14,069) Less: controlling interest — — — (2) Net income (loss) attributable to Company stockholders $ 150,575 $ 81,988 $ 712,468 $ (14,067) Denominator (in thousands): Weighted-average shares of common stock outstanding 167,645 167,645 167,645 153,078 Effects of dilutive shares 342 171 185 — Weighted average diluted shares of common stock outstanding 167,987 167,816 167,830 153,078 Earnings (Loss) Per Share (US$): Basic 0.90 0.49 4.25 (0.09) Dilutive 0.90 0.49 4.25 (0.09) |
Fair Value Measurement
Fair Value Measurement | 9 Months Ended |
Sep. 30, 2022 | |
Fair Value Measurement [Abstract] | |
Fair Value Measurement | 11. The fair liability in instruments involve uncertainty and cannot be determined with The Company utilizes valuation unobservable market participants would use in pricing assumptions in fair unobservable inputs, which are categorized in one of the following Level reporting entity at the measurement date. Level 2 Inputs: for substantially the full term of the asset or liability. Level observable inputs for the asset or liability at measurement date. Financial Instruments Measured on a Recurring Basis As no recurring basis. Other Financial Instruments The following methods September 30, 2022 and December 31, 2021: ● and Consolidated Balance Sheets approximate fair value due to the ● values Sheets. ● cost. no estimated fair 326.8 (Level 2). |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Losses | 9 Months Ended |
Sep. 30, 2022 | |
Accumulated Other Comprehensive Losses [Abstract] | |
Accumulated Other Comprehensive losses | 12. Accumulated other comprehensive losses consisted of (in US$ thousands) Foreign currency translation adjustments Balance at December 31, 2021 $ (44,228) Net current-period other comprehensive income (loss): Loss in other comprehensive income (loss) before reclassifications (32,123) Loss on long-term intra-entity foreign currency transactions (43,785) Total (75,908) Balance at September 30, 2022 $ (120,136) |
Commitments
Commitments | 9 Months Ended |
Sep. 30, 2022 | |
Commitments [Abstract] | |
Commitments | 13. (a) The rates. The future minimum royalties under these leases (in US$ thousands) Amount Year ending 2022 $ 3,487 2023 4,868 2024 4,771 2025 4,643 2026 4,581 Thereafter 23,056 Total $ 45,406 Mineral leases are not in scope of ASC 842 and continue to Extractive Activities – Mining. Other commitments As of 33.6 obligated within the next twelve months. In Australia, the terminal contracts that are primarily funded 9 years . In September $ 1.0 101.6 |
Contingencies
Contingencies | 9 Months Ended |
Sep. 30, 2022 | |
Contingencies [Abstract] | |
Contingencies | 14. In the off-balance sheet arrangements are reflected does not expect any material losses to result from these At 43.8 obligations and commitments. Restricted deposits represent cash deposits by the of $ 88.4 81.0 back-to-back operating agreements restricted and classified as long-term assets in the unaudited In accordance Facility to the extent of outstanding letters of credit after the expiration or termination date of such letter of credit. As of September 30, 2022, no no For the U.S. Operations in order to provide the required financial assurance, the Company generally uses surety bonds obligations. As of 31.9 of credit 16.8 compensation insurance to these obligations could result in increased obligations, additional Stamp duty on Curragh acquisition On September 27, 2022, the Company received from of the stamp duty duty 53.5 82.2 7.9 (A$ 12.1 and before the end of November 2022. The outcome of The Company continues 28.0 43.0 Expenses September 30, 2022. From time to time, the in Australia, the U.S. and other countries where the Company does business. Company believes that such other pending adverse Company is not currently material effect on the financial condition, results |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | 15. On October 225.0 million, or 13.4 23.5 Notes made 201.5 million. CDIs record date of November 21, 2022 , Australia December 12, 2022 , Australia total ordinary dividends of $ 225.0 In connection with the declared ordinary dividends, Coronado Finance Pty Company, offered 200.0 equal 104 % settlement date, pursuant to the terms of the on acceptance of the offer to purchase the Notes |
Description of Business, Basi_2
Description of Business, Basis of Presentation (Policy) | 9 Months Ended |
Sep. 30, 2022 | |
Description of Business, Basis of Presentation [Abstract] | |
Description of the Business | Description of the Business Coronado coals, development projects in the United States, or U.S. |
Basis of Presentation | Basis of Presentation The interim unaudited condensed consolidated financial statements requirements of U.S. generally accepted 10-Q and Article Commission, or the GAAP for complete statements and notes thereto included in the Australian Securities Exchange, or the ASX, on February The otherwise stated. and subsidiaries References to Australia. The “Company” and “Coronado” are used interchangeably to refer to Coronado Global Resources Inc. and its subsidiaries, collectively, in subsidiaries noncontrolling interests. All intercompany balances and transactions In necessary income, cash flows and changes in as of December 31, The necessarily indicative of the results that may be expected for |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policy) | 9 Months Ended |
Sep. 30, 2022 | |
Summary of Significant Accounting Policies [Abstract] | |
Newly Adopted Accounting Standards | (a) Newly Adopted Accounting Standards During Standards Board that had a material impact on the Company’s |
Segment Information (Tables)
Segment Information (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Segment Information [Abstract] | |
Reportable Segment Results | (in US$ thousands) Australia United States Other and Corporate Total Three months ended September 30, 2022 Total $ 546,485 $ 328,172 $ — $ 874,657 Adjusted EBITDA 88,035 145,890 (10,349) 223,576 Net income (loss) 59,529 95,610 (4,564) 150,575 Total 1,405,333 988,728 410,349 2,804,410 Capital expenditures 17,289 31,174 103 48,566 Three months ended September 30, 2021 Total $ 342,372 $ 231,219 $ — $ 573,591 Adjusted EBITDA 67,383 88,441 (8,084) 147,740 Net income (loss) 39,868 54,444 (12,324) 81,988 Total 1,155,082 862,961 183,863 2,201,906 Capital expenditures 7,972 9,436 182 17,590 Nine months ended September 30, 2022 Total $ 1,730,172 $ 1,124,314 $ — $ 2,854,486 Adjusted EBITDA 523,319 578,183 (28,579) 1,072,923 Net income (loss) 337,582 399,723 (24,837) 712,468 Total 1,405,333 988,728 410,349 2,804,410 Capital expenditures 64,005 75,595 433 140,033 Nine months ended September 30, 2021 Total $ 832,098 $ 541,860 $ — $ 1,373,958 Adjusted EBITDA 30,445 164,404 (21,408) 173,441 Net (loss) income (65,970) 83,157 (31,256) (14,069) Total 1,155,082 862,961 183,863 2,201,906 Capital expenditures 28,186 40,061 1,650 69,897 |
Reconciliation of EBITDA to Net Income | Three months ended Nine months ended September 30, September 30, (in US$ thousands) 2022 2021 2022 2021 Net income (loss) $ 150,575 $ 81,988 $ 712,468 $ (14,069) Depreciation, depletion and amortization 37,508 38,461 126,901 132,754 Interest expense (net of income) 17,220 18,251 52,034 49,982 Other foreign exchange (gains) losses (1) (31,917) 2,487 (55,064) 4,376 Loss on extinguishment of debt — — — 5,744 Income tax expense (benefit) 51,423 9,096 235,391 (1,788) Restructuring costs — — — 2,300 (Gains) losses on idled assets held for sale (2) (1,221) (113) 621 2,216 (Decrease) increase in provision for discounting and credit losses (12) (2,430) 572 (8,074) Consolidated Adjusted EBITDA $ 223,576 $ 147,740 $ 1,072,923 $ 173,441 (1) certain entities within the group that are included in “Other, net” on the unaudited Consolidated Statement (2) the next twelve months. |
Reconciliation of Capital Expenditures | Nine months ended September 30, (in US$ thousands) 2022 2021 Capital expenditures per Condensed Consolidated Statements Flows $ 141,928 $ 75,897 Accruals for capital expenditures 5,580 — Payment for capital acquired in prior periods (7,475) (6,000) Capital expenditures per segment detail $ 140,033 $ 69,897 |
Disaggregation of Revenue | Three months ended September 30, 2022 (in US$ thousands) Australia United States Total Product Groups: Metallurgical coal $ 518,010 $ 309,609 $ 827,619 Thermal coal 19,246 16,844 36,090 Total 537,256 326,453 863,709 Other (1) 9,229 1,719 10,948 Total $ 546,485 $ 328,172 $ 874,657 Three months ended September 30, 2021 (in US$ thousands) Australia United States Total Product Groups: Metallurgical coal $ 306,033 $ 228,561 $ 534,594 Thermal coal 26,525 2,168 28,693 Total 332,558 230,729 563,287 Other (1) 9,814 490 10,304 Total $ 342,372 $ 231,219 $ 573,591 Nine months ended September 30, 2022 (in US$ thousands) Australia United States Total Product Groups: Metallurgical coal $ 1,615,364 $ 1,098,186 $ 2,713,550 Thermal coal 86,537 21,247 107,784 Total 1,701,901 1,119,433 2,821,334 Other (1) 28,271 4,881 33,152 Total $ 1,730,172 $ 1,124,314 $ 2,854,486 Nine months ended September 30, 2021 (in US$ thousands) Australia United States Total Product Groups: Metallurgical coal $ 734,143 $ 534,017 $ 1,268,160 Thermal coal 70,614 5,479 76,093 Total 804,757 539,496 1,344,253 Other (1) 27,341 2,364 29,705 Total $ 832,098 $ 541,860 $ 1,373,958 (1) Other revenue for the Australian segment includes |
Inventories (Tables)
Inventories (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Inventories [Abstract] | |
Schedule of Inventories | (in US$ thousands) September 30, 2022 December 31, 2021 Raw coal $ 12,998 $ 17,334 Saleable coal 34,200 42,006 Total 47,198 59,340 Supplies inventory 59,773 59,582 Total $ 106,971 $ 118,922 |
Property, Plant, and Equipment
Property, Plant, and Equipment (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property, Plant and Equipment | (in US$ thousands) September 30, 2022 December 31, 2021 Land $ 26,661 $ 27,853 Buildings and improvements 87,926 88,079 Plant, machinery, mining 976,633 963,272 Mineral rights and reserves 374,326 374,326 Office and computer equipment 8,953 8,718 Mine development 547,445 566,201 Asset retirement obligation asset 67,378 75,215 Construction in process 59,035 42,055 2,148,357 2,145,719 Less accumulated depreciation, depletion and amortization 814,224 748,356 Net property, plant $ 1,334,133 $ 1,397,363 |
Accrued Expenses and Other Cu_2
Accrued Expenses and Other Current Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Accrued Expenses and Other Current Liabilities [Abstract] | |
Schedule of Accrued Expenses and Other Current Liabilities | (in US$ thousands) September 30, 2022 December 31, 2021 Wages and employee benefits $ 42,038 $ 41,187 Taxes 8,825 6,246 Accrued royalties 165,636 70,237 Accrued freight costs 36,962 27,754 Accrued mining fees 73,712 65,835 Acquisition related accruals 27,959 31,201 Other liabilities 50,972 28,482 Total $ 406,104 $ 270,942 |
Interest Bearing Liabilities (T
Interest Bearing Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Interest Bearing Liabilities [Abstract] | |
Summary of Interest Bearing Liabilities | The following is a summary of interest-bearing liabilities September 30, 2022 December 31, 2021 Weighted Average Interest Rate at September 30, 2022 Final Maturity 10.75 % Senior Secured Notes $ 312,741 $ 315,000 12.15 % (2) 2026 ABL Facility — — 2024 Discount and debt issuance costs (1) (12,812) (14,831) Total $ 299,929 $ 300,169 (1) Debt issuance costs incurred on the establishment unaudited Condensed Consolidated Balance Sheet. (2) |
Earnings per Share (Tables)
Earnings per Share (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Earnings per Share [Abstract] | |
Schedule of Earnings Per Share | Basic and diluted earnings per share was calculated as Three months ended September 30, Nine months ended September 30, (in US$ thousands, except per share data) 2022 2021 2022 2021 Numerator: Net income (loss) $ 150,575 $ 81,988 $ 712,468 $ (14,069) Less: controlling interest — — — (2) Net income (loss) attributable to Company stockholders $ 150,575 $ 81,988 $ 712,468 $ (14,067) Denominator (in thousands): Weighted-average shares of common stock outstanding 167,645 167,645 167,645 153,078 Effects of dilutive shares 342 171 185 — Weighted average diluted shares of common stock outstanding 167,987 167,816 167,830 153,078 Earnings (Loss) Per Share (US$): Basic 0.90 0.49 4.25 (0.09) Dilutive 0.90 0.49 4.25 (0.09) |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Losses (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Accumulated Other Comprehensive Losses [Abstract] | |
Schedule of Accumulated Other Comprehensive Losses | (in US$ thousands) Foreign currency translation adjustments Balance at December 31, 2021 $ (44,228) Net current-period other comprehensive income (loss): Loss in other comprehensive income (loss) before reclassifications (32,123) Loss on long-term intra-entity foreign currency transactions (43,785) Total (75,908) Balance at September 30, 2022 $ (120,136) |
Commitments (Tables)
Commitments (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Commitments [Abstract] | |
Future Minimum Royalties | (in US$ thousands) Amount Year ending 2022 $ 3,487 2023 4,868 2024 4,771 2025 4,643 2026 4,581 Thereafter 23,056 Total $ 45,406 Mineral leases are not in scope of ASC 842 and continue to Extractive Activities – Mining. |
Segment Information (Narrative)
Segment Information (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2022 segment Properties | |
Segment Reporting Information [Line Items] | |
Number of reportable segments | segment | 2 |
United States Segment [Member] | Producing mine complexes, Buchanan and Logan [Member] | |
Segment Reporting Information [Line Items] | |
Portfolio of operating mines and development projects (number) | 2 |
United States Segment [Member] | Idled mine complex (Greenbrier) [Member] | |
Segment Reporting Information [Line Items] | |
Portfolio of operating mines and development projects (number) | 1 |
United States Segment [Member] | Development properties, Mon Valley and Russell County [Member] | |
Segment Reporting Information [Line Items] | |
Portfolio of operating mines and development projects (number) | 2 |
Segment Information (Reportable
Segment Information (Reportable Segment Results) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Reportable segment results | |||||||||
Total revenues | $ 874,657 | $ 573,591 | $ 2,854,486 | $ 1,373,958 | |||||
Adjusted EBITDA | 223,576 | 147,740 | 1,072,923 | 173,441 | |||||
Net income (loss) | 150,575 | $ 291,995 | $ 269,898 | 81,988 | $ (55,085) | $ (40,972) | 712,468 | (14,069) | |
Total assets | 2,804,410 | 2,201,906 | 2,804,410 | 2,201,906 | $ 2,461,412 | ||||
Capital expenditures | 48,566 | 17,590 | 140,033 | 69,897 | |||||
Other and Corporate [Member] | |||||||||
Reportable segment results | |||||||||
Total revenues | 0 | 0 | |||||||
Adjusted EBITDA | (10,349) | (8,084) | (28,579) | (21,408) | |||||
Net income (loss) | (4,564) | (12,324) | (24,837) | (31,256) | |||||
Total assets | 410,349 | 183,863 | 410,349 | 183,863 | |||||
Capital expenditures | 103 | 182 | 433 | 1,650 | |||||
Australia Segment [Member] | Operating Segments [Member] | |||||||||
Reportable segment results | |||||||||
Total revenues | 546,485 | 342,372 | 1,730,172 | 832,098 | |||||
Adjusted EBITDA | 88,035 | 67,383 | 523,319 | 30,445 | |||||
Net income (loss) | 59,529 | 39,868 | 337,582 | (65,970) | |||||
Total assets | 1,405,333 | 1,155,082 | 1,405,333 | 1,155,082 | |||||
Capital expenditures | 17,289 | 7,972 | 64,005 | 28,186 | |||||
United States Segment [Member] | Operating Segments [Member] | |||||||||
Reportable segment results | |||||||||
Total revenues | 328,172 | 231,219 | 1,124,314 | 541,860 | |||||
Adjusted EBITDA | 145,890 | 88,441 | 578,183 | 164,404 | |||||
Net income (loss) | 95,610 | 54,444 | 399,723 | 83,157 | |||||
Total assets | 988,728 | 862,961 | 988,728 | 862,961 | |||||
Capital expenditures | $ 31,174 | $ 9,436 | $ 75,595 | $ 40,061 |
Segment Information (Reconcilia
Segment Information (Reconciliation of EBITDA to Net Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Segment Information [Abstract] | ||||||||
Net income (loss) | $ 150,575 | $ 291,995 | $ 269,898 | $ 81,988 | $ (55,085) | $ (40,972) | $ 712,468 | $ (14,069) |
Depreciation, depletion and amortization | 37,508 | 38,461 | 126,901 | 132,754 | ||||
Interest expense (net of income) | 17,220 | 18,251 | 52,034 | 49,982 | ||||
Other foreign exchange (gains) losses | (31,917) | 2,487 | (55,064) | 4,376 | ||||
Loss on debt extinguishment | 0 | 0 | 0 | 5,744 | ||||
Income tax expense (benefit) | 51,423 | 9,096 | 235,391 | (1,788) | ||||
Restructuring costs | 0 | 0 | 0 | 2,300 | ||||
Losses on idled assets held for sale | (1,221) | (113) | 621 | 2,216 | ||||
Increase (decrease) in provision for discounting and credit losses | (12) | (2,430) | 572 | (8,074) | ||||
Consolidated Adjusted EBITDA | $ 223,576 | $ 147,740 | $ 1,072,923 | $ 173,441 |
Segment Information (Reconcil_2
Segment Information (Reconciliation of Capital Expenditures) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Segment Reporting, Other Significant Reconciling Item [Line Items] | ||
Capital expenditures per Condensed Consolidated Statements of Cash Flows | $ 141,928 | $ 75,897 |
Operating Segments [Member] | ||
Segment Reporting, Other Significant Reconciling Item [Line Items] | ||
Capital expenditures per Condensed Consolidated Statements of Cash Flows | 141,928 | 75,897 |
Accruals For Capital Expenditures | 5,580 | 0 |
Payment for capital acquired in prior periods | (7,475) | (6,000) |
Capital expenditures per segment detail | $ 140,033 | $ 69,897 |
Segment Information (Disaggrega
Segment Information (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Disaggregation of Revenue [Line Items] | ||||
Revenues | $ 874,657 | $ 573,591 | $ 2,854,486 | $ 1,373,958 |
Other revenues | 10,948 | 10,304 | 33,152 | 29,705 |
Total | 874,657 | 573,591 | 2,854,486 | 1,373,958 |
Other and Corporate [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total | 0 | 0 | ||
Product Groups [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Total | 874,657 | 573,591 | ||
Metallurgical Coal [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 827,619 | 534,594 | 2,713,550 | 1,268,160 |
Thermal Coal [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 36,090 | 28,693 | 107,784 | 76,093 |
Total Coal Revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 863,709 | 563,287 | 2,821,334 | 1,344,253 |
Australia Segment [Member] | Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Other revenues | 9,229 | 9,814 | 28,271 | 27,341 |
Total | 546,485 | 342,372 | 1,730,172 | 832,098 |
Australia Segment [Member] | Metallurgical Coal [Member] | Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 518,010 | 306,033 | 1,615,364 | 734,143 |
Australia Segment [Member] | Thermal Coal [Member] | Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 19,246 | 26,525 | 86,537 | 70,614 |
Australia Segment [Member] | Total Coal Revenue [Member] | Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 537,256 | 332,558 | 1,701,901 | 804,757 |
United States Segment [Member] | Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Other revenues | 1,719 | 490 | 4,881 | 2,364 |
Total | 328,172 | 231,219 | 1,124,314 | 541,860 |
United States Segment [Member] | Metallurgical Coal [Member] | Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 309,609 | 228,561 | 1,098,186 | 534,017 |
United States Segment [Member] | Thermal Coal [Member] | Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 16,844 | 2,168 | 21,247 | 5,479 |
United States Segment [Member] | Total Coal Revenue [Member] | Operating Segments [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | $ 326,453 | $ 230,729 | $ 1,119,433 | $ 539,496 |
Dividends (Narrative) (Details)
Dividends (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Oct. 30, 2022 | Aug. 08, 2022 | May 09, 2022 | Feb. 24, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Dividends Payable [Line Items] | ||||||||
Dividends paid | $ 473,900 | $ 0 | ||||||
Foreign Currency Transaction Gain (Loss), Realized | $ 31,917 | $ (2,487) | 55,064 | $ (4,376) | ||||
CDI [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Foreign Currency Transaction Gain (Loss), Realized | $ 2,800 | |||||||
Special Unfranked ordinary dividend [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends Payable, Amount Per Share | $ 0.75 | $ 0.90 | ||||||
Dividends Payable, Date of Record | Aug. 30, 2022 | Mar. 18, 2022 | ||||||
Dividends Payable, Date to be Paid | Sep. 20, 2022 | Apr. 08, 2022 | ||||||
Special Unfranked ordinary dividend [Member] | Subsequent Event [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends Payable, Date of Record | Nov. 21, 2022 | |||||||
Dividends Payable, Date to be Paid | Dec. 12, 2022 | |||||||
Dividends declared | $ 225,000 | |||||||
Special Unfranked ordinary dividend [Member] | CDI [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends Payable, Amount Per Share | $ 0.075 | $ 0.090 | ||||||
Dividends declared | $ 125,700 | $ 150,900 | ||||||
Special Unfranked ordinary dividend [Member] | CDI [Member] | Subsequent Event [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends Payable, Amount Per Share | $ 0.134 | |||||||
Special unfranked ordinary dividends declared tranche one [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends Payable, Amount Per Share | $ 0.59 | |||||||
Special unfranked ordinary dividends declared tranche one [Member] | Subsequent Event [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends declared | $ 23,500 | |||||||
Special unfranked ordinary dividends declared tranche one [Member] | CDI [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends Payable, Amount Per Share | $ 0.059 | |||||||
Dividends declared | $ 99,500 | |||||||
Special unfranked ordinary dividends declared tranche two [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends Payable, Amount Per Share | $ 0.6 | |||||||
Dividends Payable, Date of Record | May 31, 2022 | |||||||
Dividends Payable, Date to be Paid | Jun. 21, 2022 | |||||||
Special unfranked ordinary dividends declared tranche two [Member] | Subsequent Event [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends declared | $ 201,500 | |||||||
Special unfranked ordinary dividends declared tranche two [Member] | CDI [Member] | ||||||||
Dividends Payable [Line Items] | ||||||||
Dividends Payable, Amount Per Share | $ 0.060 | |||||||
Dividends declared | $ 25,200 | $ 100,600 |
Inventories (Schedule of Invent
Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Inventories [Abstract] | ||
Raw coal | $ 12,998 | $ 17,334 |
Saleable coal | 34,200 | 42,006 |
Total coal inventories | 47,198 | 59,340 |
Supplies inventory | 59,773 | 59,582 |
Total inventories | 106,971 | 118,922 |
Net realizable value of inventory | $ 2,100 | $ 2,200 |
Property, Plant and Equipment (
Property, Plant and Equipment (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | $ 2,148,357 | $ 2,145,719 |
Less accumulated depreciation, depletion and amortization | 814,224 | 748,356 |
Net property, plant and equipment | 1,334,133 | 1,397,363 |
Land [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | 26,661 | 27,853 |
Buildings And Improvements [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | 87,926 | 88,079 |
Plant, Machinery, Mining Equipment And Transportation Vehicles [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | 976,633 | 963,272 |
Mineral Rights And Reserves [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | 374,326 | 374,326 |
Office And Computer Equipment [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | 8,953 | 8,718 |
Mine Development [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | 547,445 | 566,201 |
Asset Retirement Obligation Asset [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | 67,378 | 75,215 |
Construction In Process [Member] | ||
Property Plant And Equipment [Line Items] | ||
Property, plant, equipment and equipment, gross | $ 59,035 | $ 42,055 |
Accrued Expenses and Other Cu_3
Accrued Expenses and Other Current Liabilities (Schedule of Accrued Expenses and Other Current Liabilities) (Details) $ in Thousands, $ in Millions | Sep. 30, 2022 AUD ($) | Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Accrued Expenses and Other Current Liabilities [Abstract] | |||
Wages and employee benefits | $ 42,038 | $ 41,187 | |
Taxes other than income taxes | 8,825 | 6,246 | |
Accrued royalties | 165,636 | 70,237 | |
Accrued freight costs | 36,962 | 27,754 | |
Accrued mining fees | 73,712 | 65,835 | |
Acquisition related accruals | 27,959 | 31,201 | |
Other liabilities | 50,972 | 28,482 | |
Total accrued expenses and other current liabilities | $ 406,104 | 270,942 | |
Stamp duty payable | $ 43 | $ 28,000 |
Interest Bearing Liabilities (N
Interest Bearing Liabilities (Narrative) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | May 12, 2021 | |
Debt Instrument [Line Items] | ||||||
Loss on debt extinguishment | $ 0 | $ 0 | $ 0 | $ (5,744,000) | ||
Letters of credit outstanding, amount | 16,800,000 | 16,800,000 | ||||
Senior Secured Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Repayments of long term debt | 2,300,000 | |||||
Principal amount | $ 225,800,000 | $ 225,800,000 | ||||
Interest rate | 10.75% | 10.75% | ||||
Redemption price, percentage | 104% | |||||
Long-term debt | $ 312,741,000 | $ 312,741,000 | $ 315,000,000 | |||
Debt Instrument, Maturity Date | May 15, 2026 | |||||
Debt issuance costs | 12,812,000 | $ 12,812,000 | 14,831,000 | |||
ABL Facility [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Credit facility, maximum borrowing capacity | $ 100,000,000 | |||||
Available credit | 0 | 0 | ||||
Long-term debt | 0 | $ 0 | 0 | |||
Debt Instrument, Maturity Date | May 12, 2024 | |||||
Debt issuance costs | 2,900,000 | $ 2,900,000 | $ 4,300,000 | |||
Line of credit | 0 | 0 | ||||
Letters of credit outstanding, amount | $ 0 | $ 0 | $ 0 | $ 0 | ||
ABL Facility [Member] | Letter of Credit [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Credit facility, maximum borrowing capacity | 30,000,000 | |||||
ABL Facility [Member] | Swingline loans [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Credit facility, maximum borrowing capacity | $ 5,000,000 |
Interest Bearing Liabilities (S
Interest Bearing Liabilities (Summary of Interest Bearing Liabilities) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2022 | Dec. 31, 2021 | |
Debt Instrument [Line Items] | ||
Interest bearing liabilities | $ 299,929 | $ 300,169 |
Senior Secured Notes [Member] | ||
Debt Instrument [Line Items] | ||
Long-term debt | 312,741 | 315,000 |
Discount and debt issuance costs | $ (12,812) | (14,831) |
Weighted Average Interest Rate | 12.15% | |
Final Maturity | 2026 | |
ABL Facility [Member] | ||
Debt Instrument [Line Items] | ||
Long-term debt | $ 0 | 0 |
Discount and debt issuance costs | $ (2,900) | $ (4,300) |
Final Maturity | 2024 |
Income Taxes (Narrative) (Detai
Income Taxes (Narrative) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Income Taxes [Abstract] | |||||
Effective tax rate | 24.80% | 11.30% | |||
Income loss before tax | $ 201,998,000 | $ 91,084,000 | $ 947,859,000 | $ (15,857,000) | |
Income Tax Expense (Benefit) | $ 51,423,000 | 9,096,000 | 235,391,000 | (1,788,000) | |
Unrecognized Tax Benefits | $ 0 | $ 0 | |||
Discrete tax expense | $ 600,000 | ||||
Income taxes [Line Items] | |||||
Tax losses carried forward | $ 7,700,000 | ||||
Australia Segment [Member] | |||||
Income taxes [Line Items] | |||||
Tax losses carried forward | $ 25,400,000 |
Earnings per Share (Schedule of
Earnings per Share (Schedule of Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Numerator: | ||||||||
Net income (loss) | $ 150,575 | $ 291,995 | $ 269,898 | $ 81,988 | $ (55,085) | $ (40,972) | $ 712,468 | $ (14,069) |
Less: Net loss attributable to noncontrolling interest | 0 | 0 | 0 | (2) | ||||
Net income (loss) attributable to Company stockholders | $ 150,575 | $ 81,988 | $ 712,468 | $ (14,067) | ||||
Denominator: | ||||||||
Weighted-average shares of common stock outstanding | 167,645 | 167,645 | 167,645 | 153,078 | ||||
Effects of dilutive shares | 342 | 171 | 185 | 0 | ||||
Weighted average diluted shares of common stock outstanding | 167,987 | 167,816 | 167,830 | 153,078 | ||||
Earnings (Loss) Per Share (US$): | ||||||||
Basic | $ 0.90 | $ 0.49 | $ 4.25 | $ (0.09) | ||||
Diluted | $ 0.90 | $ 0.49 | $ 4.25 | $ (0.09) |
Fair Value Measurement (Narrati
Fair Value Measurement (Narrative) (Details) | Sep. 30, 2022 USD ($) |
Fair Value, Measurements, Recurring | |
Derivatives, Fair Value [Line Items] | |
Financial Instruments Owned At Fair Value | $ 0 |
Fair Value, Inputs, Level 2 [Member] | |
Derivatives, Fair Value [Line Items] | |
Fair value of notes | 326,800,000 |
ABL Facility [Member] | |
Derivatives, Fair Value [Line Items] | |
Available credit | $ 0 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Losses (Schedule of Accumulated Comprehensive Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Accumulated other comprehensive income, beginning of period | $ (44,228) | $ (44,228) | ||||||
Net current-period other comprehensive income (loss): | ||||||||
Tax effects | $ (24) | $ (2,111) | ||||||
Total other comprehensive loss | $ (41,998) | $ (50,168) | 16,258 | $ (10,170) | $ (2,898) | $ 317 | (75,908) | $ (12,751) |
Accumulated other comprehensive income, end of period | (120,136) | (120,136) | ||||||
Foreign Currency Translation Adjustments [Member] | ||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Accumulated other comprehensive income, beginning of period | $ (44,228) | (44,228) | ||||||
Net current-period other comprehensive income (loss): | ||||||||
Loss in other comprehensive income (loss) before reclassifications | (32,123) | |||||||
Loss on long-term intra-entity foreign currency transactions | (43,785) | |||||||
Total other comprehensive loss | (75,908) | |||||||
Accumulated other comprehensive income, end of period | $ (120,136) | $ (120,136) |
Commitments (Narrative) (Detail
Commitments (Narrative) (Details) $ in Millions | 9 Months Ended |
Sep. 30, 2022 USD ($) | |
Commitments [Abstract] | |
Purchase commitments for capital expenditures | $ 33.6 |
Take-or-pay arrangement term | 9 years |
Take-or-pay arrangements, total | $ 1,000 |
Take-or-pay arrangements, due within the next year | $ 101.6 |
Commitments (Future Minimum Roy
Commitments (Future Minimum Royalties) (Details) $ in Thousands | Sep. 30, 2022 USD ($) |
Commitments [Abstract] | |
2022 | $ 3,487 |
2023 | 4,868 |
2024 | 4,771 |
2025 | 4,643 |
2026 | 4,581 |
Thereafter | 23,056 |
Total | $ 45,406 |
Contingencies (Narrative) (Deta
Contingencies (Narrative) (Details) $ in Millions | Sep. 30, 2022 AUD ($) | Sep. 30, 2022 USD ($) | Sep. 27, 2022 AUD ($) | Sep. 27, 2022 USD ($) | Dec. 31, 2021 USD ($) | Sep. 30, 2021 USD ($) |
Loss Contingencies [Line Items] | ||||||
Company guarantees | $ 43,800,000 | |||||
Restricted deposits | 88,439,000 | $ 80,981,000 | ||||
Letters of Credit Outstanding, Amount | 16,800,000 | |||||
Acquisition related accruals [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Loss contingency accrual | $ 43 | 28,000,000 | ||||
Surety bonds [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Company guarantees | 31,900,000 | |||||
Stamp duty on Curragh acquisition [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Loss Contingency, Estimate of Possible Loss | $ 82.2 | $ 53,500,000 | ||||
Unpaid tax interest [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Loss Contingency, Estimate of Possible Loss | $ 12.1 | $ 7,900,000 | ||||
ABL Facility [Member] | ||||||
Loss Contingencies [Line Items] | ||||||
Line of credit | 0 | |||||
Cash Collateral | $ 0 | |||||
Letters of Credit Outstanding, Amount | $ 0 | $ 0 |
Subsequent Events Narrative (De
Subsequent Events Narrative (Details) - USD ($) $ / shares in Units, $ in Millions | Oct. 30, 2022 | Aug. 08, 2022 | May 09, 2022 | Feb. 24, 2022 |
Dividend Declared [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends Payable, Date of Record | Aug. 30, 2022 | Mar. 18, 2022 | ||
Dividends Payable, Amount Per Share | $ 0.75 | $ 0.90 | ||
Dividends Payable, Date to be Paid | Sep. 20, 2022 | Apr. 08, 2022 | ||
Special unfranked ordinary dividends declared tranche one [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends Payable, Amount Per Share | $ 0.59 | |||
Special unfranked ordinary dividends declared tranche two [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends Payable, Date of Record | May 31, 2022 | |||
Dividends Payable, Amount Per Share | $ 0.6 | |||
Dividends Payable, Date to be Paid | Jun. 21, 2022 | |||
CHESS Depositary Interests [Member] | Dividend Declared [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends payable | $ 125.7 | $ 150.9 | ||
Dividends Payable, Amount Per Share | $ 0.075 | $ 0.090 | ||
CHESS Depositary Interests [Member] | Special unfranked ordinary dividends declared tranche one [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends payable | $ 99.5 | |||
Dividends Payable, Amount Per Share | $ 0.059 | |||
CHESS Depositary Interests [Member] | Special unfranked ordinary dividends declared tranche two [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends payable | $ 25.2 | $ 100.6 | ||
Dividends Payable, Amount Per Share | $ 0.060 | |||
Subsequent Event [Member] | Dividend Declared [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends Payable, Date of Record | Nov. 21, 2022 | |||
Dividends payable | $ 225 | |||
Dividends Payable, Date to be Paid | Dec. 12, 2022 | |||
Subsequent Event [Member] | Special unfranked ordinary dividends declared tranche one [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends payable | $ 23.5 | |||
Subsequent Event [Member] | Special unfranked ordinary dividends declared tranche two [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends payable | 201.5 | |||
Subsequent Event [Member] | Coronado Finance Pty Notes [Member] | Dividend Declared [Member] | ||||
Subsequent Event [Line Items] | ||||
Principal amount | $ 200 | |||
Percentage of principal amount redeemable | 104% | |||
Subsequent Event [Member] | CHESS Depositary Interests [Member] | Dividend Declared [Member] | ||||
Subsequent Event [Line Items] | ||||
Dividends Payable, Amount Per Share | $ 0.134 |